Insider Selling: Community Health Systems CAO Sells 14,681 Shares of Stock (CYH)
Community Health Systems (NYSE:CYH) CAO Kevin J. Hammons unloaded 14,681 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $51.28, for a total transaction of $752,841.68. Following the completion of the transaction, the chief accounting officer now directly owns 34,034 shares of the company’s stock, valued at approximately $1,745,264. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Community Health Systems (NYSE:CYH) traded down 0.78% during mid-day trading on Thursday, hitting $51.08. The stock had a trading volume of 1,091,088 shares. Community Health Systems has a 52 week low of $34.55 and a 52 week high of $51.86. The stock’s 50-day moving average is $47.05 and its 200-day moving average is $41.78. The company’s market cap is $5.760 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. Analysts expect that Community Health Systems will post $3.05 EPS for the current fiscal year.
CYH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $54.00 price target on the stock, up previously from $40.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $56.00 price target on the stock, up previously from $48.00. Finally, analysts at RBC Capital raised their price target on shares of Community Health Systems from $60.00 to $74.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Community Health Systems has an average rating of “Buy” and an average target price of $54.40.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.
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